Qataro-Spanish Business Council seeks to strengthen bilateral trade and investment

A webinar between the Qatari Businessmen’s Association (QBA) and Qatari and Spanish officials on Saturday marked the launch of the Qataro-Spain Joint Business Council.

QBA Chairman HE Sheikh Faisal bin Qassim al-Thani said the business council, which includes “elite Qatari businessmen and”, opens a new page in the history of economic relations between the two countries.

Sheikh Faisal said the council seeks to encourage bilateral trade and investment in various fields, whether in manufacturing or service sectors, and will endeavor to provide a common mechanism for cooperation.
He also thanked the Embassy of Qatar in Madrid and the QBA partners in Spain for organizing the virtual meeting, “which aims to build bridges of cooperation and

QBA second deputy Sheikh Dr Khaled bin Thani al-Thani

benefiting from the experience of all businessmen from both countries.
During the meeting, it was announced that Sheikh Faisal and the President of the Confederation of Employers and Industries of Spain (CEOE) Antonio Garamendi will be the honorary chairs of the board.
“In Qatar, we attach great importance to our economic partners around the world and see Spain as a market full of economic opportunities in various sectors. In this context, we invite the Spanish



Ambassador Salem al-Jaber, Director of European Affairs at the Ministry of Foreign Affairs

investors to take advantage of the promising opportunities and the favorable environment offered by the Qatari economy, in particular with the presence of free zones.
“We want to see more Spanish companies enter the Qatari market; we will work together to develop our partnerships and discuss opportunities for joint investment, whether in



Member of the board of directors of QBA Saud al-Mana

Qatar, Spain or any other destination in the world, ”said Sheikh Faisal.
As Co-Chairs of the Board, QBA Second Deputy Sheikh Dr Khaled bin Thani al-Thani, who is also Chairman and Managing Director of Qatar International Islamic Bank, will be



Ignacio Galán, president of the Aberdrola company

representing the Qatari side, while Ignacio Galan, president of Aberdrola Company will represent Spain.
The meeting was also marked by the signing of a memorandum of understanding between Cheikh Faisal and Garamendi.



President of CEOE Antonio Garamendi

Sheikh Khalid said he hoped the business council “would be a step forward” towards more economic and trade cooperation, and help to strengthen mutual investments between Qatar and Spain, as well as explore opportunities. investment opportunities available in both countries.
Sheikh Khaled also said that the MoU provides for two main areas represented in the expansion of economic, technical and scientific cooperation and information exchange between the two countries, which creates a healthy business environment aimed at promoting the development of commercial and industrial activities in Qatar and Spain.
“The MoU also included a very important part concerning the strengthening of direct contacts between entrepreneurs of the two countries and the organization of regular board meetings and exchange of visits to present common business projects, which promote the investment and support economic development, ”said Sheikh Khaled.
Galan, for his part, encouraged Spanish companies to study the opportunities present in Qatar’s free zones and to take advantage of the privileges offered by these facilities, which he said offer many opportunities for foreign companies.
The board included large Spanish companies, such as Iberdrola, Grupo Prisa, El Corte Ingles, Grupo Santander, Ferrovial, FCC, La Liga Group, Colonial, Copasa, Ecisa and Aguas de Valencia, as well as Qatar Airways in Spain.
On the Qatari side, the board includes Al-Faisal Holding Company, Qatar International Islamic Bank, Al Mana Group, Blue Salon, Al Mannai Company, Arab Engineering Bureau, Al-Wataniya International Group and LuLu International Group.